Market statistics · Live · updated November 5, 2026
Tennessee housing market statistics
Tennessee housing market statistics for October 2026: median list price, homes for sale, days on market, price cuts and the monthly payment on a typical home, statewide and for every Tennessee metro, side by side with the U.S. Pulled from the publishers every day and free to quote with a link.
Jump to: Tennessee metros · vs. the U.S. · What's different in Tennessee · Charts
Key takeaways
The Tennessee housing market in October 2026
- Tennessee's median list price was $425,000 in October 2026, down 1.0% from a year earlier, the 24th highest of the 50 states and D.C.
- 37,486 homes were for sale, 10.2% more than a year earlier and 49.2% above the same month in 2019. That inventory change ranks 24th of 51.
- The typical listing sat 69 days (U.S.: 63), and 23.2% of listings had a price cut (U.S.: 20.5%).
- In the Nashville-Davidson--Murfreesboro--Franklin, TN metro, the state's largest by households, the median list price was $529,900 (down 1.3%) with 12,145 homes for sale.
- Principal and interest on Tennessee's median-priced listing, 20% down at Freddie Mac's 7.24%, is about $2,317 a month (U.S. median: $2,263).
- On the FHFA house price index, Tennessee home values were up 2.6% over the year to the quarter starting April 2026.
Metros
Tennessee metro housing statistics, October 2026
The 25 largest of the 27 Tennessee metro areas in Realtor.com's data, largest first. Tap a column to sort. The small line is the change from a year earlier.
| Nashville-Davidson--Murfreesboro--Franklin, TN | $529,900−1.3% | $259 | 12,145+11.9% | 63 | 21.4% |
| Memphis, TN-MS-AR | $299,900−7.5% | $152 | 5,416+8.2% | 73 | 22.6% |
| Knoxville, TN | $445,000−1.1% | $234 | 3,984+11.6% | 62 | 26.9% |
| Chattanooga, TN-GA | $388,000−3.0% | $208 | 3,171+18.6% | 68 | 25.8% |
| Kingsport-Bristol, TN-VA | $335,000+1.7% | $177 | 1,235+19.7% | 66 | 23.8% |
| Clarksville, TN-KY | $339,950−0.0% | $188 | 2,167+11.0% | 71 | 19.5% |
| Johnson City, TN | $410,000+2.5% | $204 | 686−2.3% | 67 | 25.8% |
| Jackson, TN | $289,950−3.3% | $156 | 703+5.7% | 73 | 20.6% |
| Cookeville, TN | $388,583+3.3% | $209 | 771+2.8% | 68 | 19.5% |
| Cleveland, TN | $379,900+2.0% | $211 | 701+26.3% | 72 | 28.3% |
| Morristown, TN | $459,900+0.8% | $234 | 520+5.1% | 66 | 25.5% |
| Sevierville, TN | $585,000−6.4% | $344 | 2,141+7.7% | 92 | 29.3% |
| Greeneville, TN | $366,950+3.8% | $196 | 264+1.5% | 79 | 24.6% |
| Crossville, TN | $399,000−0.2% | $214 | 648+12.9% | 81 | 24.4% |
| Athens, TN | $358,950+6.4% | $203 | 307+9.3% | 79 | 23.3% |
| Tullahoma-Manchester, TN | $364,900−5.2% | $207 | 361+5.6% | 61 | 20.5% |
| Shelbyville, TN | $364,900−2.0% | $215 | 257+2.4% | 71 | 20.5% |
| Lawrenceburg, TN | $337,450−3.1% | $199 | 212−13.5% | 82 | 15.7% |
| Winchester, TN | $419,900+5.8% | $219 | 300−3.5% | 78 | 18.1% |
| McMinnville, TN | $329,900+6.5% | $201 | 207−3.3% | 74 | 21.5% |
| Newport, TN | $389,900−0.2% | $233 | 196+24.1% | 85 | 22.7% |
| Fayetteville, TN | $329,900+1.5% | $182 | 149+8.0% | 80 | 19.8% |
| Lewisburg, TN | $390,000+3.1% | $226 | 229+9.0% | 67 | 24.7% |
| Dyersburg, TN | $287,350+32.3% | $142 | 126+8.6% | 84 | 14.8% |
| Paris, TN | $314,900+5.4% | $178 | 184+23.5% | 73 | 24.4% |
Metro areas are the Census Bureau's core-based statistical areas; a metro that crosses a state line is listed in each state it covers.
Side by side
Tennessee vs. the U.S.
| October 2026 | Tennessee | U.S. | Rank of 51 |
|---|---|---|---|
| Median list price | $425,000 | $415,000 | 24th |
| Price per sq ft | $220 | $222 | – |
| Homes for sale | 37,486 | 1,183,520 | 7th |
| Inventory change, 1 yr | +10.2% | +7.4% | 24th |
| Median days on market | 69 | 63 | 16th |
| Price cut share | 23.2% | 20.5% | 8th |
| Pending ratio | 0.29 | 0.32 | – |
Rank of the 50 states and D.C., 1 = highest. Pending ratio = pending listings divided by active listings.
Affordability
The monthly payment on a median-priced Tennessee home
$2,317 a month
Principal and interest on $425,000, 20% down, 30-year fixed at 7.24%. A year earlier, the same math came to $2,097: $220 a month more now. On the U.S. median listing it is $2,263.
Taxes, insurance, HOA dues and mortgage insurance are extra; in Tennessee they can change the real monthly cost a lot from one county to the next. A Total Cost of Ownership report adds them for a specific home.
Local knowledge
What's different about buying and selling in Tennessee
No income tax, a buyer-paid transfer tax and county-by-county reappraisals. What Tennessee clients should know.
No state income tax
Tennessee doesn't tax wages, and its last income tax, the Hall tax on interest and dividends, was fully repealed starting in 2021. A common draw for relocating buyers.
The buyer pays the transfer tax
Tennessee charges $0.37 per $100 of the price as a transfer tax and $0.115 per $100 of the loan as a mortgage tax (first $2,000 exempt). Unlike most states, the buyer pays the transfer tax, and the borrower pays the mortgage tax. Put both on the buyer's cost estimate.
Homes are taxed on 25% of appraised value
Residential property is assessed at 25% of appraised value, and the county sets the rate. The Comptroller's example: a $400,000 home has a $100,000 assessed value, and at $2.50 per $100 the tax is $2,500 a year.
Reappraisals run on county cycles
Each county reappraises every four, five or six years, so the year a home's value jumps depends on the county. Check the county's next reappraisal year before quoting a buyer's future taxes.
General information for agents, checked against the sources below on October 22, 2026. It is not legal or tax advice; rules change, so confirm details for a specific transaction with the right professional.
Trends
How Tennessee's numbers have moved
Tennessee median list price
Tennessee homes for sale
Tennessee median days on market
Share of Tennessee listings with a price cut
Tennessee house price index (FHFA)
30-year fixed mortgage rate
Questions
Tennessee housing questions, answered with today's numbers
What is the median home price in Tennessee?
The median list price in Tennessee was $425,000 in October 2026, per Realtor.com. That is the asking price of the middle listing; closed-sale medians come from the MLS or county records.
How many homes are for sale in Tennessee?
37,486 active listings in October 2026, 49.2% above the same month in 2019.
Is Tennessee a buyer's or seller's market?
Statewide, listings took a median 69 days and 23.2% had a price cut in October 2026. Markets differ a lot by metro and price range; the metro table on this page shows each one, and an Area Market Report shows one neighborhood.
What is the monthly payment on a median-priced home in Tennessee?
About $2,317 a month for principal and interest on $425,000 with 20% down at 7.24%. Property taxes, insurance and HOA dues are extra and vary widely across Tennessee.
Free to quote. Use any number on this page with its month and source, and link to agentcos.com/market-statistics/tennessee/.
Want this for one neighborhood?
These are statewide and metro listing numbers. An Area Market Report gives you 12 months of closed sales for one subdivision, neighborhood or ZIP, built from your MLS export, with your logo on it.
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Sources
- Realtor.com Economic Research, Residential Real Estate Data, state and metro monthly files (median list price, price per square foot, active and pending listings, days on market, price-reduced share). realtor.com/research/data
- Freddie Mac, Primary Mortgage Market Survey, weekly. freddiemac.com/pmms
- Federal Housing Finance Agency, House Price Index for Tennessee (all transactions), quarterly, through FRED. fred.stlouisfed.org
- Tennessee Department of Revenue, “HIT-3 - Hall Income Tax Repealed Beginning January 1, 2021,” accessed October 22, 2026. revenue.support.tn.gov
- Tennessee Department of Revenue, “Recordation Tax Due Date and Tax Rates,” accessed October 22, 2026. www.tn.gov
- Tennessee Comptroller of the Treasury, “How to Calculate Your Tax Bill,” accessed October 22, 2026. comptroller.tn.gov
- Tennessee Comptroller of the Treasury, “Reappraisal Schedule,” accessed October 22, 2026. comptroller.tn.gov
Listing numbers describe asking prices and inventory, not closed sales. The page refreshes from the publishers at least twice a day; each publisher updates on its own schedule.